Ford Motor Co agreed to a so-called economic loss settlement of $299.1 million covering at least 6 million U.S. vehicles with potentially faulty Takata airbag inflators, court documents filed in a federal court in Miami on Monday show. The settlement covers several forms of economic damages linked to the inflators, including
Vehicle
GM warns U.S. import tariffs could lead to ‘smaller’ company, fewer jobs
General Motors Co warned on Friday that expansive U.S. tariffs on imported vehicles being considered by the Trump administration could lead to “a smaller GM” with fewer jobs while isolating U.S. businesses from the global market. The Trump administration in May launched an investigation into whether imported vehicles posed a national
The business that’s trying to stop the truck driver shortage
As the trucking industry struggles to find viable workers to fill the 51,000 available jobs this year, a relatively new business has cropped up to try to solve the problem: 160 Driving Academy, a truck-driving school. The company was established in 2012, but as the demand for truck drivers has grown,
Volvo, FedEx test truck ‘platooning’ on public U.S. road
A Federal Express truck in La Jolla, California. REUTERS/Mike Blake Truck maker Volvo AB and package delivery company FedEx Corp said on Wednesday they have begun public U.S. testing of “platooning” technology, which allows digitally-connected semi trucks to save fuel by driving closely together in convoy, on a highway in North Carolina. Using a
Automakers warn U.S. tariffs will cost hundreds of thousands of jobs, hike prices
A coalition representing major foreign automakers in U.S Two major auto trade groups on Wednesday warned the Trump administration that imposing up to 25 percent tariffs on imported vehicles would cost hundreds of thousands of auto jobs, dramatically hike prices on vehicles and threaten industry spending on self-driving cars. A coalition representing
Volkswagen Launches Rwanda Operations
Initial investment of US$20 million to create up to 1,000 jobs, assemble up to 5,000 cars per year. The wait is over as Volkswagen (VW) officially kicks off its much-awaited operations in Rwanda. The official launch will take place on Wednesday, at the Kigali Special Economic Zone where its first assembly base will be
Harley-Davidsons Should “Never” Be Made Abroad – President of the USA
Harley Davidson Fat Bob President Donald Trump has said Harley-Davidsons should "never" be built abroad, as he attacked the firm's plans to move some production overseas to avoid European tariffs. Mr. Trump said the iconic bike brand's new Thailand plant marked a "surrender" and "the beginning of the end". Last week, the EU
U.S. June auto sales seen up 2.5 percent: J.D. Power and LMC
FILE PHOTO: New cars are shown for sale at a Chevrolet dealership in National City, California, U.S. on June 30, 2017. REUTERS/Mike Blake/File Photo U.S. auto sales in June likely rose 2.5 percent from the same month in 2017 as consumers continued to prefer expensive pickup trucks, SUVs and crossovers over
Harley-Davidson to make more motorcycles outside the US
Harley-Davidson plans to shift some motorcycle production away from the US to avoid the "substantial" burden of European Union tariffs. Last week, the EU imposed retaliatory tariffs on US goods, including bourbon, orange juice and motorcycles. The measures are a response to new US duties on steel and aluminium imports. Wisconsin-based Harley-Davidson said
